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US Republicans declare ‘Crypto Week’ to mull 3 crypto bills

US Republican House leaders have pledged to consider three key crypto bills starting in mid-July as part of a regulatory “Crypto Week.”
House Finance Committee Chair French Hill, House Agriculture Committee Chair Glenn Thompson and Speaker Mike Johnson said on Thursday that they’d use the week of J
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Bitcoin must hold above $108K or risk a bearish spiral

Bitcoin needs to keep its momentum as it approaches its all-time high, as a drop back to $108,000 could trigger a bearish downtrend, according to a trader.
“You don’t want to see this deviate back below $108K again at this point,” crypto analyst Daan Crypto Trades said on Thursday, adding that Bitc
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Bitcoin miner production falls in June on power curtailment, weather

Several Bitcoin mining firms reported lowered BTC production in June, mainly due to power curtailment in Texas.
Riot Platforms produced 450 Bitcoin (BTC) in the month, a 12% decline from May, when the firm mined 514 BTC, it stated in an announcement on Thursday.
Riot CEO Jason Les said the firm’s
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Bitcoin price aims for new highs but ‘divergences’ set $110K as resistance

Key takeaways:
Bitcoin shows bearish divergences on multiple time frames, signaling weak bullish momentum and a potential pullback.
Some traders anticipate a rally above $112,000, but increasing sell pressure and liquidity sweeps suggest the breakouts are traps.
Bitcoin (BTC) price rallied
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Tornado Cash co-founder keeps testimony plans unclear ahead of trial

Roman Storm, one of the co-founders and developers behind the cryptocurrency mixing service Tornado Cash, appeared in a video interview as his US criminal trial is expected to begin in less than two weeks.
In an interview released Wednesday by Crypto In America, Storm said his legal team intended t
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XRP news update: Ripple bank license application, chart pattern fuel potential rally to $2.65

Key point:
Ripple Labs’ application for a US banking license has acted as a catalyst for XRP, paving the way for a potential rally to $2.65.
Ripple Labs CEO Brad Garlinghouse said in a post on X that the company “is applying for a national bank charter” from the Office of the Comptroller of the C
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US Senator Cynthia Lummis drafts standalone crypto tax bill

United States Senator Cynthia Lummis submitted a draft bill on Thursday, outlining several provisions to overhaul the tax code and exempt certain digital asset transactions from taxation after crypto amendments failed to appear in the budget package.
The bill proposes a de minimis exemption for dig
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Leverage without letting go: How Bitcoin can unlock real-world freedom

What if you could use your Bitcoin (BTC) to buy a house, fund a child’s education or invest in a new business, without ever selling it?
In the latest episode of the Clear Crypto Podcast, the CEO of Lever, Jullian Duran, makes the case for a new kind of financial firepower; using Bitcoin not to cas
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ETH news update: Will expanding corporate Ether treasuries send price to $2.8K?

Key point:
Ether price is showing strength as increasing demand from companies buying and building ETH treasuries accelerates.
BitMine Immersion Technologies and Bit Digital recently announced plans to make Ether (ETH) a part of their treasury strategy. Additionally, sports betting company
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Bitcoin holding $109K proves bulls control the market: Will new highs happen today?

Key point:
BTC’s rally above $109,000 has invalidated a bearish pattern, setting the stage for bulls to make a run at a new all-time high.
Bitcoin (BTC) rallied sharply on Wednesday and is trying to continue its uptrend on Thursday, indicating sustained demand from the bulls. 10x Research head
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Amundi warns GENIUS Act could backfire, undermining dollar dominance

European asset manager Amundi believes that the US GENIUS Act could trigger a surge in dollar-backed stablecoins, potentially causing unintended consequences for the global payment system, and even threatening the long-term dominance of the greenback itself.
“It could be genius, or it could be
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XRP futures OI jumps 30% as price chart ‘pennant’ targets $3.20

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Fix AI’s data theft problem with onchain attribution

Opinion by: Ram Kumar, core contributor at OpenLedger
The public has knowingly contributed to the rise of artificial intelligence, often without realizing it. As AI models are projected to generate trillions of dollars in value, it’s time to start treating data like labor and building onchain
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